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natulia [17]
1 year ago
10

Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing syste

m. The company sold 300,000 units in January. Data concerning inventories follow: Inventory at January 1: Work in process None Finished goods 75,000 units Inventory at January 31: Work in process (75% complete with respect to conversion costs) 24,000 units Finished goods 60,000 units What were the equivalent units for conversion costs for January? A) 285,000 units. B) 303,000 units C) 300,000 units D) 309,000 units
Business
1 answer:
agasfer [191]1 year ago
4 0

Answer:

Option (B) is correct.

Explanation:

100% complete for conversion cost the units that are complete.

Units that produced during the period:

= Units sold + Units of finished Ending - Beginning units of Finished

= 300,000 + 60,000 - 75,000

= 285,000 units

And work in process at ending is 24,000 units but for conversion costs is 75% only.

For conversion Equivalent units:

= 75% of Ending Work in process + Units that produced during the period

= 75% × 24,000 + 285,000

= 18,000+285,000

= 303,000 units

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Answer:

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Explanation:

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Formula; Quick ratio= \frac{Current\ asset- Inventory}{Current\ liability}

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7 0
2 years ago
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

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The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

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sorry if wrong
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I’m not sure but a calculator will help you. Actually you should look up websites that does your homework for u. It’s the best cheat sheet!
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